There exists a considerable debate in the literature investigating how stock market upswings or downswings impact financial market regulation. The present paper contributes to this literature and investigates whether financial market regulation follows a regulative cycle: does regulation, and...

This paper presents an empirical study in the dynamic causal relationships between each of national stock market of the East Asian economies (Hong Kong, Singapore, Korea (Rep. of), and Taiwan) and the U.S. stock market. This paper complements the existing studies by analyzing the dynamic causal...